Brent crude hits $80; Diesel, Petrol prices reach five year high

The benchmark Brent crude contract broke the $80 mark Thursday for the first time in three-and-a-half years. In line with the price hike announced earlier, the cost of petrol and diesel across India has been hiked. As per the Indian Oil Corporation website, prices of non-branded petrol have been revised to Rs. 75.61 per litre in Delhi, Rs. 76.83 per litre in Bengaluru, Rs. 78.29 per litre in Kolkata, Rs. 83.45 per litre in Mumbai and Rs. 78.46 per litre in Chennai.